Mantle’s 30,000 ETH loan for Aave enters vote as DeFi United tops $314m

cryptonews05-02 02:00

Mantle’s proposal to lend up to 30,000 ETH to Aave’s DeFi United rsETH rescue has gone live on Snapshot, adding structured credit to a $314m multi‑DAO war chest. Summary Mantle Network says its ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2632865641?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-02 02:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2632865641","market":"us","top_or_hot":-1,"title":"Mantle’s 30,000 ETH loan for Aave enters vote as DeFi United tops $314m","media":"cryptonews","content":"<div>\n<p>Mantle’s proposal to lend up to 30,000 ETH to Aave’s DeFi United rsETH rescue has gone live on Snapshot, adding structured credit to a $314m multi‑DAO war chest.\n\n\nSummary\n\n\n\nMantle Network says its ...</p>\n\n<a href=\"https://crypto.news/mantles-30000-eth-loan-for-aave-enters-vote-as-defi-united-tops-314m/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mantle’s 30,000 ETH loan for Aave enters vote as DeFi United tops $314m</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMantle’s 30,000 ETH loan for Aave enters vote as DeFi United tops $314m\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-02 02:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/mantles-30000-eth-loan-for-aave-enters-vote-as-defi-united-tops-314m/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Mantle’s proposal to lend up to 30,000 ETH to Aave’s DeFi United rsETH rescue has gone live on Snapshot, adding structured credit to a $314m multi‑DAO war chest.\n\n\nSummary\n\n\n\nMantle Network says its ...</p>\n\n<a href=\"https://crypto.news/mantles-30000-eth-loan-for-aave-enters-vote-as-defi-united-tops-314m/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DAO","symbol_name":"有道","start_time":0,"source_url":"https://crypto.news/mantles-30000-eth-loan-for-aave-enters-vote-as-defi-united-tops-314m/","article_id":"2632865641","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/mantles-30000-eth-loan-for-aave-enters-vote-as-defi-united-tops-314m/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2632865641","pubTimestamp":1777658400,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Mantle’s proposal to lend up to 30,000 ETH to Aave’s DeFi United rsETH rescue has gone live on Snapshot, adding structured credit to a $314m multiDAO war chest.Mantle Network says its rsETH relief credit facility proposal for Aave has moved into the governance voting stage on Snapshot, with MNT holders required to delegate before they can vote.The proposal would let Mantle’s treasury lend up to 30,000 ETH to Aave’s DeFi United recovery effort, giving users more orderly ways to exit or restructure positions impacted by the April 18 rsETH exploit.Mantle Network has confirmed that its strategic credit facility proposal to support Aave’s rsETH relief effort has formally advanced to a governance vote.The credit facility comes on top of a large pool of pledged ETH and stETH gathered under the DeFi United banner.As Phemex and other trackers note, the designated donation and relief addresses tied to the initiative have now accumulated 1,137,714.633 ETH, worth roughly $314.57 million at current","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"DAO":"有道","ETH":"低成本以太坊ETF-Grayscale","BK4506":"内地教育股","BK4204":"教育服务","BK4211":"区域性银行","BK4510":"在线教育","BK4601":"加密货币现货ETF"},"translate_title":"Mantle为Aave提供的30,000 ETH贷款进入投票，DeFi United突破3.14亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DAO":0.63,"ETH":1.93},"content_text":"Mantle’s proposal to lend up to 30,000 ETH to Aave’s DeFi United rsETH rescue has gone live on Snapshot, adding structured credit to a $314m multi‑DAO war chest.\n\n\nSummary\n\n\n\nMantle Network says its rsETH relief credit facility proposal for Aave has moved into the governance voting stage on Snapshot, with MNT holders required to delegate before they can vote.\nThe proposal would let Mantle’s treasury lend up to 30,000 ETH to Aave’s DeFi United recovery effort, giving users more orderly ways to exit or restructure positions impacted by the April 18 rsETH exploit.\nDeFi United, the multi‑DAO rescue initiative led by Aave, has now raised 1,137,714.633 ETH—about $314.57 million at current prices—from commitments across at least six DAOs and multiple major protocols.\n\n\n\nMantle Network has confirmed that its strategic credit facility proposal to support Aave’s rsETH relief effort has formally advanced to a governance vote.\nMantle’s rsETH rescue loan hits Snapshot\nIn a post shared by Mantle, the team said the measure—known in the forum as MIP‑34—is now live on Snapshot, with MNT token holders required to delegate voting power before they can participate.\nIf approved, the proposal would authorize Mantle Treasury to lend up to 30,000 ETH to Aave DAO as part of the DeFi United rescue plan, with the funds earmarked specifically for clearing bad debt and collateral shortfalls created by the April 18 rsETH bridge exploit.\nHow the Mantle–Aave facility is structured\nAccording to the MIP‑34 draft, Mantle’s loan would run for up to 36 months and pay a floating yield benchmarked to the staking return on Lido’s stETH plus a 1% spread, turning idle treasury ETH into a yield‑bearing position rather than a one‑off grant.\nOn the other side, Aave DAO has proposed backing the facility with 5% of protocol revenue and at least $11 million worth of AAVE tokens, while also granting Mantle delegated governance rights over roughly 130,000 AAVE to align incentives.\nCollateral would be held in a multisig wallet, with no penalty for early repayment and default protections designed to limit Mantle’s downside if the broader rsETH recovery falls short of expectations.\nAave founder Stani Kulechov has described the broader DeFi United framework as “the largest DAO coordination I have participated in,” pointing to parallel governance processes at Arbitrum, Aave, EtherFi, Lido, Compound, and Mantle.\nDeFi United’s ETH war chest tops $314m\nThe credit facility comes on top of a large pool of pledged ETH and stETH gathered under the DeFi United banner.As Phemex and other trackers note, the designated donation and relief addresses tied to the initiative have now accumulated 1,137,714.633 ETH, worth roughly $314.57 million at current prices.\nEarlier updates from KuCoin and WEEX showed the total climbing from 13,500 ETH in early donations to more than 100,000 ETH, with major contributions from Arbitrum DAO (30,765 ETH of previously frozen funds), Mantle’s planned 30,000 ETH loan, AaveDAO’s proposed 25,000 ETH, EtherFi’s 5,000 ETH, Lido’s 2,500 stETH, and personal and institutional commitments from Stani and the Golem Foundation.\nThe goal is to plug an estimated 68,900–118,000 ETH shortfall in rsETH’s backing after the KelpDAO bridge exploit and to restore healthy collateralization ratios across Aave and other integrated lending markets.\nLegal analysis from firms tracking the case, such as Travers Smith and others, has framed DeFi United as a landmark example of “on‑chain interventions” coordinated across multiple DAOs, with the Mantle–Aave loan seen as a test of whether structured credit facilities can complement donations in large DeFi rescues.\nFor users who were hit by the rsETH incident, the combination of direct ETH contributions, governance‑approved credit lines, and protocol‑level technical fixes should—if fully executed—provide more options to exit or rehabilitate positions than a simple liquidation‑and‑write‑off process.\n\n\n\n\n\n                Read more:\n            \n\n                Bittensor price climbs past $260, technicals signal more upside","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.1","shortVersion":"4.42.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2632865641","isCrawlerRequest":true}